
“Are they trying to boost the German economy or ours?”
A district of Shanghai, worried by declines in consumer spending, has added a lucky draw to its attempts to boost the local economy. According to the China Daily, anyone who spend’s Rmb200 ($29) in the district’s nine department stores will be eligible to play the lottery. The first prize is a Mercedes-Benz C200K worth Rmb320,000. Other prizes, totalling Rmb2 million, will be given away, including 20 gram gold bars. Wang Qiwei, a local official, describes the lottery as “a special act at a special time”. The lottery – which runs till May 10 – is forecast to generate Rmb100 million of sales for the stores. A total of three Mercs are up for grabs.
© ChinTell Ltd. All rights reserved.
Sponsored by HSBC.
The Week in China website and the weekly magazine publications are owned
and maintained by ChinTell Limited, Hong Kong. Neither HSBC nor any member of the HSBC group of companies ("HSBC") endorses the contents and/or is
involved in selecting, creating or editing the contents of the Week in China website or the Week in China magazine. The views expressed in these
publications are solely the views of ChinTell Limited and do not necessarily reflect the views or investment ideas of HSBC. No responsibility will
therefore be assumed by HSBC for the contents of these publications or for the errors or omissions therein.